Grove Collaborative Holdings Full Year 2023 Earnings: EPS Misses Expectations
Grove Collaborative Holdings (NYSE:GROV) Full Year 2023 Results
Key Financial Results
Revenue: US$259.3m (down 19% from FY 2022).
Net loss: US$43.2m (loss narrowed by 51% from FY 2022).
US$1.24 loss per share (improved from US$4.85 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Grove Collaborative Holdings EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.2%.
Looking ahead, revenue is expected to decline by 5.1% p.a. on average during the next 2 years, while revenues in the Specialty Retail industry in the US are expected to grow by 5.2%.
Performance of the American Specialty Retail industry.
The company's shares are up 2.1% from a week ago.
Risk Analysis
You should learn about the 4 warning signs we've spotted with Grove Collaborative Holdings.
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